A month after Fennemore Craig took on the bulk of Lionel Sawyer & Collins, the prominent Nevada firm finally went bust, filing for bankruptcy in Las Vegas.
Lionel Sawyer, known for its gaming expertise, began liquidation proceedings on Jan. 30. In its Chapter 7 filing, Lionel Sawyer lists $931,626 in personal property against more than $3.37 million in liabilities. The firm’s only secured creditor is Las Vegas-based Western Alliance Bank, which is owed more than $2.82 million.
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